Business owners should have a strong understanding of their financials, including income statements, balance sheets, and debt schedules.
Regularly reviewing financials with a qualified professional is crucial for maintaining a strong financial foundation.
Lenders and investors look for a viable and successful business with strong cash flow and a solid customer base.
Demonstrating a plan to rectify any financial challenges is essential when seeking funding.
Debt financing involves borrowing money based on known and certain cash flows, while equity financing involves investors betting on the business's ability to generate new money.
Lenders and investors want to ensure that they will be paid back and make a return on their investment.
| **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:44 | Discussion on the fast pace of the fourth quarter | | 0:01:44 | Importance of having strong financials for loan or equity | | 0:03:25 | Key documents needed: income statement, balance sheet, debt schedule | | 0:05:48 | Positive factors for lenders: organized financials, strong cash flow | | 0:07:45 | Explanation of debt vs equity for funding | | 0:09:38 | Risks and considerations for lenders and investors | | 0:10:30 | Importance of fixing financials if unable to secure funding | | 0:11:43 | How successful businesses attract funding | | 0:12:25 | Contact information for Allison Rife Martin | | 0:12:47 | Disclaimer regarding investment advice and performance |
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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
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